Miller Jamie S 4

What Happened

• Jamie S. Miller, EVP and Chief Fin & Op Officer of PayPal (PYPL), had restricted stock units (RSUs) vest and convert into 12,005 shares on March 15, 2026. To satisfy tax withholding, 6,129 of those shares were withheld at $44.90 per share, equal to $275,192. The net shares delivered to Miller were 5,876.

Key Details

• Transaction date: 2026-03-15 (reported on Form 4 filed 2026-03-17).
• Vesting/conversion: 9,095 + 2,910 RSUs converted to 12,005 shares (exercise/conversion code M; acquisition at $0 since these were RSUs).
• Tax withholding: 6,129 shares withheld (code F) at $44.90/share = $275,192 cash value.
• Net shares received by insider: 5,876 shares.
• Footnotes: F1 = shares withheld to satisfy tax withholding; F2 = each RSU equals one share; F3 = RSU grant dated Dec 15, 2023 with a three-year vesting schedule. F4 = Not applicable.
• Shares owned after transaction: Not disclosed in this filing.
• Timeliness: Filed two days after the transaction date (appears timely under Section 16 reporting rules).

Context

• These transactions reflect routine RSU vesting and share-withholding to cover taxes (a common "cashless" withholding mechanism), not an open-market sale or purchase. Vesting-related share acquisitions indicate compensation crystallizing rather than a direct market bet by the insider.